Insurance is necessary because the business environment, both in the life and non-life insurance sectors, is characterised by risk and unpredictability. In risk mitigation, it is essential, and it has grown into a method of protecting people's interests from financial loss and uncertainty through time. It may be regarded as a social device that helps to decrease or eliminate the danger of loss of life or property as a result of an accident. Because it ensures that a process runs smoothly, insurance contributes significantly to a society's economic development by maintaining process stability. Through the expansion of financial resources, the insurance business helps the development of financial institutions while also lowering the risk. As a result of this background, the emphasis of this article is on the prevalence and density of insurance in India

Insurance, Penetration and Density